The Kingdom of Saudi Arabia is the tenth best country in the world when it comes to protecting the interests of minority investors, says a World Bank report titled Doing Business 2017.
This achievement came following the reforms implemented by the Kingdom of Saudi Arabia during the past months to improve business environment.
'Doing Business' measures the protection of minority investors from conflicts of interest through one set of indicators and shareholders' rights in corporate governance through another.
Saudi Arabia had launched the Kingdom Vision 2030, which is a plan to reduce oil dependence, diversify its economy, and develop public service sectors such as health, education, infrastructure, recreation, and tourism.
Goals include reinforcing economic and investment activities, increasing non-oil industry trade between countries through goods and consumer products, and increasing government spending on the military, manufacturing equipment and ammunition.
Details were announced on 25 April 2016 by Crown Prince Mohammad bin Salman.
